Mixed Performance in Asian Stock Markets Ahead of Key US PCE Data
Mixed Performance in Asian Stock Markets Ahead of Key US PCE Data Asian stock markets are giving mixed results on Thursday as investors eagerly wait for the PCE Price Index. This index is an important way to measure how prices for things are going up, and the Federal Reserve likes to watch it. The index […]
Asian Stock Markets Rise as China Equities Drive Regional Gains
Asian Stock Markets Rise as China Equities Drive Regional Gains Asian stock markets defied potential headwinds stemming from the hawkish stance of US Federal Reserve (Fed) Chairman Jerome Powell at the Jackson Hole Symposium, exhibiting remarkable resilience on Monday. The trading sentiment echoed the modest gains observed in US equities. Powell’s statement on Friday alluded […]
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP Despite reclaiming the 1.0800 area, the EUR/USD pair faces persistent pressure with a fifth consecutive weekly close in the negative zone. The European Central Bank’s (ECB) hawkish stance fails to provide the Euro the anticipated edge against its counterparts, even amid weaker Eurozone economic data. The […]
S&P500 Futures rise, yields steady after big moves, central bankers in focus
S&P500 Futures rise, yields steady after big moves, central bankers in focus S&P500 Futures are slightly up, and interest rates have steadied after some big changes. People are paying attention to central bankers. The mood in the market is somewhat positive, but it’s struggling to stay as upbeat as yesterday. This week, there are important […]
EUR/USD stands firm above 1.0850 despite weak Eurozone PMI data; attention shifts to Jackson Hole
EUR/USD stands firm above 1.0850 despite weak Eurozone PMI data; attention shifts to Jackson Hole Despite receiving unfavorable news about the state of the Eurozone’s economy, the EUR/USD exchange rate remains relatively stable, holding above the key level of 1.0850. As the Asian trading session progresses on Thursday, the pair is observed to be trading […]
EUR/GBP looks to consolidate around 0.8520 ahead of PMIs from Eurozone and UK
EUR/GBP looks to consolidate around 0.8520 ahead of PMIs from Eurozone and UK EUR/GBP finds itself in a crucial juncture, with all eyes on its consolidation around the 0.8520 mark, a pivotal level that could set the tone for its immediate trajectory. As the Asian session unfolded on a Wednesday that carried high stakes, the […]
EUR/USD Bullish Above 1.0900 Amid Slight USD Weakness
EUR/USD Bullish Above 1.0900 Amid Slight USD Weakness The EUR/USD pair continues to gain strength, surpassing the 1.0900 mark in the Asian session for the second consecutive day. This upward momentum comes after the pair rebounded from its recent low of 1.0845, indicating a positive trend. One of the factors supporting this optimistic outlook is […]
China’s yuan finds footing near 9-month lows as Beijing slows slide
China’s yuan finds footing near 9-month lows as Beijing slows slide Despite concerns about the economy and rising US yields, China’s yuan has found some footing near 9-month lows as Beijing takes steps to slow its slide. State-owned banks have conducted swaps in offshore markets to increase the cost of shorting the yuan, aiming to […]
Stocks Dip on Fed Minutes Hinting at Potential Rate Hikes
Stocks Dip on Fed Minutes Hinting at Potential Rate Hikes On Wednesday, the stock market witnessed a noticeable decline in response to the Federal Reserve’s indication of potential rate hikes, prompting a reevaluation of investment strategies among traders and investors. The Dow Jones Industrial Average (^DJI) recorded a decrease of approximately 0.5%, equivalent to a […]
Asian stock market remains under pressure due to China’s economic woes
Asian stock market remains under pressure due to China’s economic woes The Asian stock markets are grappling with sustained pressure as China’s economic challenges continue to cast a shadow over the region’s financial landscape. The markets are currently experiencing a cautious atmosphere, largely influenced by a combination of disheartening Chinese economic data and robust US […]
China’s Economic Prospects Shadowed by First New Home Price Drop of 2023
China’s Economic Prospects Shadowed by First New Home Price Drop of 2023 In July, China experienced a notable event as new home prices declined for the first time this year. This occurrence adds to a series of discouraging data that collectively indicate a swift wane in overall economic momentum. It underscores the pressing need for […]
China’s Surprise Rate Cut Sparks Drop in Key Bond Yield and Yuan
China’s Surprise Rate Cut Sparks Drop in Key Bond Yield and Yuan The recent surprise rate cut by the People’s Bank of China (PBOC) has sent shockwaves through the Chinese market. The aim was to stimulate economic growth, but it has led to unintended consequences. The benchmark government bond yield has plummeted to a three-year […]
S&P 500 Futures Weaken as China’s Economic Concerns Resurface
S&P 500 Futures Weaken as China’s Economic Concerns Resurface Early Monday sees a subdued risk appetite as reports from China over the weekend cast further shadows on the world’s second-largest economy and the global economic landscape. Geopolitical tensions involving Russia and recent robust US data have also contributed to the prevailing sentiment, stoking fears of […]
USD/JPY remains below 145.00 as BoJ provides limitless fixed-rate JGBs
USD/JPY remains below 145.00 as BoJ provides limitless fixed-rate JGBs The USD/JPY pair is currently trading below the significant level of 145.00, retreating from its year-to-date high during the Asian trading session. At present, the major pair hovers around 144.90, experiencing a marginal decline of 0.05% throughout the day. On Friday, an important development came […]
What is FOMO?
As traders, our emotions often drive us, and one of the hardest emotions to overcome is the fear of missing out or FOMO. Traders commonly experience this phenomenon, which can have severe consequences if not addressed. In this blog post, we’ll discuss what FOMO is. We’ll also delve into what causes it, and how traders […]
Stocks Conclude with Gains Following Inflation Data
Stocks Conclude with Gains Following Inflation Data Stocks closed higher on Thursday following the release of the latest inflation data, which showed a slight increase on an annual basis. This marks the first time in over a year that inflation has shown signs of picking up. However, investors found solace in the fact that disinflationary […]
UK Q2 GDP Preview: BoE Denies Recession Forecast Despite Expected No Growth
UK Q2 GDP Preview: BoE Denies Recession Forecast Despite Expected No Growth The anticipation surrounding the United Kingdom’s economic trajectory heightens as the Office of National Statistics (ONS) gears up to unveil the first estimate of the UK’s Gross Domestic Product (GDP) for the second quarter on August 11. A palpable sense of curiosity persists, […]
EUR/USD Holds Firm above 1.0980, Markets Cautious Ahead of US PPI Data
EUR/USD Holds Firm above 1.0980, Markets Cautious Ahead of US PPI Data During the early European session on Friday, the EUR/USD pair maintains its position above the 1.0980 level. Following a retreat from its weekly high of 1.1065 following US inflation data, the major pair has remained in positive territory for a third consecutive day. […]